Firm principal Jon Chambers was quoted extensively in an article that appeared in the Bureau of National Affairs (“BNA”) Daily Report for Executives on Monday February 11, 2008. The article, “Labor Effort to Enhance Plan Fees Disclosure Draws Mixed Response” describes a series of Department of Labor [1] (“DOL”) initiatives to improve the quality of fee disclosure in the 401(k) marketplace. Mr. Chambers describes how the DOL initiatives will help improve existing practices, but argues that Congressional action is still required to address problems relating bundled fees and intra-company revenue transfers.

Over the past year, Mr. Chambers has been actively involved in an ongoing national discussion about how best to disclose 401(k) fees. In October, 2007, Mr. Chambers testified before the House Education & Labor Committee on this issue. Mr. Chambers’ testimony is available online in written text [2] or video form [3] .

To read the full article click here [4]